| Element List | Explanation |
|---|---|
| Announcement Detail | With reference to the announcement of Najran Cement Company on 12-03-2023 G corresponding to 20-08-1444 H, where the company announced the distribution of cash dividends for the second half of 2022 and with reference to the announcement on 12-04-2023 G corresponding to 21-09-1444 H, where the company announced approval of the Ordinary General Assembly to distribute cash dividends to shareholders for the second half of 2022 at the rate of 0.25 riyal per share, which represents 2.5% of the par value of the share with a total amount of SAR 42.5 million, the company is pleased to announce to its shareholders that the dividends will be distributed starting from Thursday 04-05-2023 G corresponding to 14-10-1444 H by direct transfer to bank accounts linked to shareholders' investment portfolios. |
The eligibility of dividend is for the shareholders who own the shares as at the market close on Tuesday, 11-04-2023 G, corresponding to 20-09-1444 H (eligibility date), and who are registered in the Company’s shareholders register at Securities Depository Center Company (Edaa) at the end of the second trading day following the eligibility date.
In the event of any queries, shareholders can contact Company’s investor relations Department at phone 017-5299990 Extn 606/777.
The company calls upon its Shareholders to quickly update their data and ensure that their bank account numbers are linked to their investment portfolios to ensure that their dividend is deposited in their accounts with the banks on the distribution day.
We would like to draw the attention of the non-resident foreign investors that the cash dividend distribution which is transferred by the resident financial broker is subject to withholding tax of 5%, in accordance with the provisions of article 68 of the income tax law and article 63 of its implementing regulation.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.